In the recent weeks I have been recommending to stand aside and stay cautious until the stock market offers a bit more clarity. And it is not as if we have missed much by doing so. Friday’s drop tells us that some caution is warranted at this point. Is it just a one day dip,… Continue reading Forget the VIX, watch the SKEW
Category: Financial Astrology
Still cautious
Stock markets did better than I expected last week. US indexes are once again climbing towards their recent highs. But I am still cautious and keep standing aside. One doesn’t need to be invested at all times, and taking a little holiday once in a while is never a bad thing, if only to recharge… Continue reading Still cautious
Standing aside
US stock markets act and look tired. Maybe it’s just a little pause, maybe it is the start of a correction, I don’t know. My indicators pointed down last week, they are still pointing down this week. So, I prefer to stand aside until we see a clearer direction emerge. Here is the current Nasdaq… Continue reading Standing aside
Who buys new record highs?
Last week we asked a poll question and several readers have taken the time to put in a vote. More on the results later in this post. We also have the LT wave chart for April, but first we take our customary look at the S&P 500 (click image to enlarge it): We got a… Continue reading Who buys new record highs?
When the market is ready the catalysts will appear
US markets are surging higher again. That’s also what we have been calling for in recent weeks. Eclipse green periods tend to be very positive for stocks, and this one has been no exception. The Nasdaq is now knocking on the door of new record highs, one of the last major indexes to do so.… Continue reading When the market is ready the catalysts will appear
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